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An announcement from Dixon Technologies (India) Ltd. ( (IN:DIXON) ) is now available.
Dixon Technologies (India) Ltd. has received approval from India’s Ministry of Electronics and Information Technology under Press Note 3 and the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019, for an investment by HKC Overseas Ltd. in its subsidiary Dixon Display Technologies Pvt. Ltd. The clearance allows Dixon to move ahead with a previously agreed share subscription and shareholders’ arrangement in which Dixon will hold 74% and HKC 26% of Dixon Display, transforming it into a joint venture focused on developing, manufacturing and distributing liquid crystal and thin film transistor liquid crystal display modules for the Indian market, strengthening Dixon’s position in the electronics component value chain.
More about Dixon Technologies (India) Ltd.
Dixon Technologies (India) Ltd. is a leading Indian electronics manufacturer, operating as an original design manufacturer and contract manufacturer across product categories such as consumer electronics, home appliances and lighting. The company focuses on serving global and domestic brands, leveraging government manufacturing incentives and growing demand for electronics in the Indian market.
Average Trading Volume: 55,070
Technical Sentiment Signal: Hold
Current Market Cap: 610.1B INR
For an in-depth examination of DIXON stock, go to TipRanks’ Overview page.